Category Archives: Fiscal Policy

CONTENTION OF THE MORNING – And debt shall have no dominion

The fact of the matter is that the current level of US public indebtedness is simply not a big deal. As I stated in How Likely Is the US to Default?, the US and the rest of the world have got a great many things to worry very intensely about. US public debt is not [...]

Consider this angle on what Ryan is doing:

The unbridled, technocratic arrogance of this administration has acted like a time machine. Obama and the Dims have, deficit wise, leapt at least 10 years into the future. The ever-over-the-horizon inevitable fiscal catastrophe of the committed welfare state has been brought rudely into the present tense for all of us to gape at in shock. [...]

Who’s afraid of Paul Ryan?

In the process of responding to Paul Ryan’s “Roadmap for America’s Future (2.0),” veteran economics writer Robert J Samuelson provides a useful summary for those who don’t have the time or inclination to read the proposal in all its generous detail.  Along the way, Samuelson summarizes his own views on the subject, while taking it [...]

This One Had To Go Up On The Site

Truly an epically excessive political attack ad – merely for the R primary in Kali!

I have to confess I like it. Now that Tom Campbell’s entry into the primary seems to have sucked all of the oxygen out of Chuck Devore’s effort, possibly suggesting that his support in polls was a not-sold-on-Fiorina vote, I’m [...]

My fantasy is better than your fantasy

Paul Ryan may be the best and the brightest Republican in Congress, maybe the best and the brightest in the world, and he’s also got a best/bright web site up for his just re-published “Roadmap for America’s Future (2.0).”  I’ve hardly even begun to look it over, but I’ve seen Ryan’s media appearances, including his [...]

Chart of the Day – updated budget assumptions

The new Congressional Budget Office (CBO) 10-year budget baseline provides a sobering picture of a federal government that has committed itself to trillions more in spending than taxpayers can afford. Once the baseline is scrubbed of several unrealistic assumptions that Congress demands CBO use, the more realistic baseline shows that massive spending increases are set [...]

Paul Krugman: The Brain of a Liberal

Paul Krugman, who writes an op-ed column in my local newspaper of record, the New York Times, also has a Times blog with the unintentionally funny title The Conscience of a Liberal. What’s so risible about that tile is that liberals have no conscience. They gave ample proof of this over the past year by [...]

The Rats are Jumping Ship — After It Sunk

To the growing list of mainstream journalists skeptical about Barack Obama’s Excellent Adventure, add my fellow transplanted Pittsburgher and Time columnist Howard Fineman. In a column published on New Year’s Eve, Fineman wonders aloud if Obama bit off more than he could chew in his first year as president.
The column opens with an acknowledgment of [...]

Economics and O-care

Supplemental discussion thread on macroeconomics and fiscal policy both in their own right and as they bear on the the Obama program. Includes discussion thread moved from J.E.’s post on the Kind of Blue Dogs of the House.

Steal this chart

UNDERWHELMING CONTENTION OF THE DAY – Saving the world in a few easy steps

What should Republicans be for? How about running on a platform that thoroughly reforms the budget process in specific ways; abolishes earmarks; takes the power to cook the federal books away from politicians and forces honest accounting; limits increases in federal salaries and benefits until they are, once again, in line with the private sector; [...]

Obama’s “Inheritance” and All You Liars

Obama’s at it again—whining about the “mess” he “inherited” and accusing anyone who disagrees with him of being deceitful. He did a little of both last week, some of it on his own, some through his surrogates.
As for the whining about his “inheritance,” here is the president himself, at a Democratic fund-raiser in San Francisco:

The New California Gals

The get-a-life ridiculous criticism of not-yet-a-candidate for senator Carly Fiorina’s “web-site” (actually more an on-line sign-up sheet), led me to take a look at the site of ex-eBay CEO and recently declared gubernatorial candidate Meg Whitman – and to start thinking some more about the upcoming year in California politics.
Considering Whitman’s background, not to mention her [...]

The Tea Party in Washington D.C.

I was tweeting this morning and caught a link to the traffic cameras at 14th St. and E: think the Iranian protests.  There were tens of thousands of people.  Twitter is down now because of overcapacity.  The current cams show the crowd breaking up and traffic resuming at 3rd and Constitution.  A friend of mine [...]

Wait, There’s a Point in Here Somewhere

Cranking out a weekly column can be a daunting responsibility. Just ask E. J. Dionne, whose column appears weekly — and more often than not weakly, as well — on the op-ed pages of the Washington Post. His column today is a classic example of a Dionne-style opinion piece: It has no real beginning, no [...]

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